DAILY MAIL & GENERAL TRUST PLC - Zoopla Property Group Plc Announcement of Offer Price

                                                                   18 June 2014

                   Daily Mail and General Trust plc (`DMGT')

                     Zoopla Property Group IPO Offer Price

On 22 May 2014, Zoopla Property Group Plc (Zoopla) announced its intention to
make an initial public offering (IPO) of its ordinary shares (Shares) on the
London Stock Exchange (the Offer).  DMGT intends to participate in the IPO and
sell a maximum of 40% of its current 52.1%* stake in Zoopla, retaining a stake
of at least 31%. The maximum that DMGT could receive would be £190 million as a
result of its participation in the IPO. This maximum includes DMGT's
contribution to the Member Offer, the Institutional Offer and Over-allotment
Option.

Following the publication on 5 June of its Prospectus, Zoopla has today
announced the successful completion of the Offer. The offer price has been set
at 220 pence per Share (Offer Price). Based on the Offer Price, the total
market capitalisation of Zoopla will be £918.8 million. The Offer comprises
159,977,620 Shares, representing 38.3% of Zoopla's issued share capital on
Admission, excluding the Over-allotment Option.

The Principal Selling Shareholders have granted an Over-allotment Option in
respect of 15,997,755 Shares. If the Over-allotment Option were exercised in
full the total gross proceeds raised by the Principal Selling Shareholders in
the Offer would be approximately £369.9 million. 4,179,624 Shares have been
applied for by Eligible Members under the Member Offer. As a result the
Institutional Offer will comprise 155,797,996 Shares

The Offer comprises the sale by selling shareholders of existing Shares only.
No new Shares will be issued pursuant to the Offer

Admission to the premium listing segment of the Official List and to trading on
the main market for listed securities of the London Stock Exchange, and the
commencement of unconditional dealings in the Shares on the London Stock
Exchange, are expected to take place at 8:00 am on 23 June 2014. At Admission,
the Company will have 417,642,460 Shares in issue

For further information

For analyst and institutional enquiries:

Stephen Daintith, Finance Director                            +44 20 3615 2902

Adam Webster, Head of Management Information

and Investor Relations                                        +44 20 3615 2903

* after the exercise of certain warrants and options, formerly 52.6%

About DMGT

DMGT is an international business built on entrepreneurship and innovation. We
bring together leading companies and talented people to provide businesses and
consumers with high-quality analysis & insight, information, news and
entertainment.

Group revenues are split across our five operating businesses.

The B2B businesses are:

• Risk Management Solutions

• dmg information

• dmg events

• Euromoney Institutional Investor

The Consumer business, known as dmg media, comprises:

• The Daily Mail and The Mail On Sunday

• MailOnline

• Metro

• Wowcher

• Zoopla Property Group (Zoopla & Prime Location)

DMGT's ambition is to provide the highest quality content and services, across
the most attractive growth markets in innovative, responsible and sustainable
ways, building on its track record of earnings and dividend growth.

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